U.S. President Joseph R. Biden urged Congress to "impose tougher penalties for senior bank executives whose mismanagement contributed to their institutions failing." He is expected to announce Administration actions to address the financial fallout of the recent bank failures today.

The CFPB finalized amendments to its Rules of Practice for Adjudication Proceedings to (i) allow parties to conduct depositions of potential witnesses and (ii) allow for bifurcation of cases with court approval.

Comments on a CFPB proposal to establish a public registry designed to collect information about public agency orders and judgments related to violations of the consumer protection laws are due by March 31, 2023.

The SEC awarded three whistleblowers approximately $18 million for providing material information that culminated in a successful enforcement action.

FINRA proposed to extend the expiration date on previously issued COVID-related relief.